Energy Options
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WTI Options Liquidity During Non-U.S. Hours
- Over 80% of WTI Options (LO) have traded electronically for almost 3 years straight
- LO volume continues to be driven by spread trading—a record 59% of LO volume was executed via spreads in March 2020
- A record 21% of WTI Options are being traded overnight YTD in 2020 with ETH ADV at 31k
- LO ADV traded during London Morning Hours is at 21k YTD, with a record 14% of total ADV executed during this time frame each day
| Clearing | CME Globex | Floor | CME ClearPort | Product Name | Subgroup | Exchange | Volume | Open Interest |
|---|---|---|---|---|---|---|---|---|
| LO | LO | - | LO | Crude Oil Option | Crude Oil | NYMEX | 116,265 | 1,829,666 |
| LN | LNE | - | LN | Natural Gas Option (European) | Natural Gas | NYMEX | 59,276 | 2,454,538 |
| 6J | A6J | - | 6J | Natural Gas Calendar Strip Option | Natural Gas | NYMEX | 5,200 | 35,704 |
| 7A | B7A | - | 7A | Light Sweet Crude Oil (WTI) Financial 1 Month Spread Option | Crude Oil | NYMEX | 4,750 | 274,725 |
| AO | AAO | - | AO | WTI Average Price Option | Crude Oil | NYMEX | 4,140 | 263,684 |
| LO3 | LO3 | - | LO3 | Crude Oil Weekly Options - Week 3 | Crude Oil | NYMEX | 3,965 | 0 |
| LO4 | LO4 | - | LO4 | Crude Oil Weekly Options - Week 4 | Crude Oil | NYMEX | 3,394 | 10,958 |
| LC | LCE | - | LC | Light Sweet Crude Oil European Financial Option | Crude Oil | NYMEX | 3,000 | 20,454 |
| ON | ON | - | ON | Natural Gas Option (American) | Natural Gas | NYMEX | 1,199 | 58,412 |
| BV | ABV | - | BV | WTI-Brent Crude Oil Spread Option | Crude Oil | NYMEX | 600 | 196,030 |
Note: Volume and Open Interest data is from the previous trade date. Preliminary data updates at approximately 9:00 p.m. CT and the final update is at 10:00 a.m. CT next business day.
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